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29093519
29093576

57560 AZ-188, Payson, AZ 85541 For Sale

BT
AZ BR581404000
CBRE - Phoenix
Listed by CBRE - Phoenix
$2,300,000
194 days on market
Updated 53 days ago

Jakes Corner RV Park

Details
APN 304-37-006Q, 304-37-006L
Property Type Mobile Home Park, Multifamily
Sub Type RV Park
Square Footage 30,643
Units 45
Cap Rate 6.66%
NOI $153,288
Occupancy 90%
Pro-Forma Cap Rate 6.66%
Pro-Forma NOI $153,288
Price per SqFt $75
Broker Co-Op Yes
Class C
Year Built 1980
Buildings 3
Stories 1
Acreage 0.720
Zoning Rental Residential
Investment Type Value Add
Ownership Fee Simple

Mobile Home Park | 45 Pads | $51,111/pad

Marketing description

CBRE is pleased to announce the exclusive offering of Jakes Corner RV Park, a 45-unit mobile home and RV park situated in Payson, Arizona, presents a compelling value-add investment opportunity within the robust RV park market. Conveniently located directly on Highway 188, the park benefits from its proximity to Payson's amenities and its gateway position to Arizona's picturesque Rim Country.

Positioned in Jakes Corner, an unincorporated community known for its serene, rural character and proximity to the Tonto National Forest, the park offers a tranquil retreat for residents and It is approximately 19 miles from Downtown, Payson and roughly an hour's drive from Scottsdale, allowing for potential remote management from the Phoenix metropolitan area. The location provides easy access to outdoor attractions such as Roosevelt Lake, Tonto Natural Bridge State Park, and the Mogollon Rim, appealing to nature enthusiasts and those seeking an escape from urban life.

The RV industry revenue is projected to grow from $10.7 billion in 2023 to $11.4 billion by 2028, with nearly 11% of U.S. households owning an RV. The demand for RV travel has surged, driven by a desire for outdoor recreation, flexibility, and the rise of remote work.

Arizona is a prime destination for RVers, particularly "snowbirds" and those seeking year-round outdoor activities due to its favorable weather, scenic landscapes, and affordability compared to other regions. The state's campgrounds and RV parks industry has grown at an average annual rate of 8.2% from 2020 to 2025.link

Investment highlights

  • Positioned in Jakes Corner, an unincorporated community with a serene, rural character.

  • Close to Tonto National Forest and outdoor attractions like Roosevelt Lake, Tonto Natural Bridge State Park, and the Mogollon Rim.

  • Approximately 19 miles from Payson and an hour's drive from Scottsdale, offering potential for remote management from Phoenix.

  • Presents a value-add investment opportunity within the robust RV park market.

  • Conveniently located directly on Highway 188.

  • Benefits from proximity to Payson's amenities and as a gateway to Arizona's picturesque Rim Country.

Listing Contacts

BT
AZ BR581404000
CBRE - Phoenix
Listed by CBRE - Phoenix

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$153,288.00
$12,774.00/mo

Valuation Metrics

0
DSCR
6.66%
Cap Rate
6.66%
ROI

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Additional Information

Name
Brian Tranetzki
License
BR581404000
Brokerage
CBRE
Title
Real Estate Broker
Brokerage Address
2575 East Camelback Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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